Stifel Nicolaus Issues Positive Forecast for Franco-Nevada (TSE:FNV) Stock Price

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its price target lifted by Stifel Nicolaus from C$220.00 to C$265.00 in a research note published on Monday,BayStreet.CA reports.

A number of other brokerages have also weighed in on FNV. CIBC boosted their target price on Franco-Nevada from C$260.00 to C$280.00 in a research report on Thursday, April 17th. BMO Capital Markets raised shares of Franco-Nevada to a “strong-buy” rating in a report on Wednesday, April 16th. National Bankshares dropped their target price on shares of Franco-Nevada from C$220.00 to C$215.00 in a report on Tuesday, March 11th. Finally, TD Securities downgraded shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a C$152.00 target price for the company. in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$207.88.

Franco-Nevada Trading Up 1.2 %

Franco-Nevada stock opened at C$239.73 on Monday. Franco-Nevada has a 12 month low of C$156.31 and a 12 month high of C$245.55. The stock has a fifty day simple moving average of C$214.84 and a two-hundred day simple moving average of C$190.30. The firm has a market cap of C$32.53 billion, a price-to-earnings ratio of -51.77, a PEG ratio of 5.00 and a beta of 0.68.

Insiders Place Their Bets

In other news, Director Boris De Vries sold 500 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$217.08, for a total value of C$108,540.35. Also, Senior Officer Christopher Bell sold 731 shares of Franco-Nevada stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of C$224.94, for a total transaction of C$164,432.82. Insiders sold a total of 16,054 shares of company stock worth $3,563,292 over the last quarter. 0.69% of the stock is currently owned by corporate insiders.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.